Posts Tagged ‘kind’

We are wanting to apply for a mortgage to hold what will be our 2nd investment property. We currently own our home & have 1 leasing property. But, we do not have the cash unfilled for the required 10% down payment for an investment loan. Since the property is very nearby, my husband and I would be able to categorize it as a following home hold for personal use. Our question is: If applied for as an investment property, are there 0 % down – type investment loans we may possibly look at? (we are not wanting to use equity on the other properties…one has been used to that extent already for home improvements). If applied for as a 2nd home, what are the requirements for that type of loan?

Do I have to get special insurance for a leasing property? Is it the same as it was when I lived there? Does it cost more or less than before?

What if a renter has someone get hurt on the property, can I get sued as the landlord?